European Monetary and Fiscal Policy
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Product details:
- Publisher OUP Oxford
- Date of Publication 8 June 2000
- ISBN 9780198776161
- Binding Paperback
- No. of pages214 pages
- Size 246x188x12 mm
- Weight 450 g
- Language English
- Illustrations numerous figures 0
Categories
Short description:
This textbook offers a fresh and comprehensive examination of European monetary and fiscal policy in the third stage of Economic and Monetary Union (EMU).
Professors Eijffinger and de Haan give a brief history of European economic integration before the transition to EMU, and continue with a comprehensive analysis of institutions, legislation, and policies. Their analysis includes the functions and goals of the European Central Bank, the Treaty on European Union, the Stability and Growth Pact, and the harmonization of taxes. Other topics discussed include the targets and instruments of European monetary policy, the integration of European financial markets, and the competition between financial institutions in Europe.
Long description:
At the launch of the Euro, predictions about what has been dubbed "Euroland" were mixed. Supporters say the unprecedented switch to a single currency will benefit business and consumers alike. But critics warn that EMU is a giant leap into the unknown. The purpose of this book is to bring together the available evidence to date about EMU, focusing on European monetary and fiscal policy.
Sylvester Eijffinger and Jakob de Haan have produced a fresh and forward-looking account of the issues surrounding monetary integration. Their analysis includes the functions and goals of the European Central Bank, the Treaty on European Union, the Stability and Growth Pact, and the harmonization of taxes. They go on to discuss the targets and instruments of European monetary policy, the relationships between the 'ins' and 'outs' within Europe, the integration of European financial markets, and the competition between financial institutions in Europe. Finally, the international role of the Euro and future of international policy co-ordination are investigated.
The text has been presented for maximum clarity: each chapter concludes with a summary of the main issues, and case material and key topics are highlighted in boxes in order to help students focus on essential information. This thorough, innovative, and well-researched analysis has been carefully tailored to meet the course needs of undergraduate students of economic integration, European economics, international economics, and European studies.
"This book is an excellent, theoretically sound and politically relevant reader", Professor Wolfschaefer, Universitat des Bundeswehr, Hamburg
Table of Contents:
Introduction
European Monetary Integration
EMU and the European (system of) Central Bank
European Monetary Policy
National Fiscal Policy in EMU
European Fiscal Policy
Financial Integration and Financial Market Structure
EMU and International Policy Co-ordination